Five steps to better cash flow
Need a hand managing cash flow? You’re not alone. The key is getting your invoicing right, by invoicing customers as soon as possible and using tools like Xero’s invoice reminders to move payments along. That said, there are a few other simple rules you can apply to manage your cash flow and get your invoices […]
Knowing the difference between ‘responding’ and ‘reacting’ in marketing
Marketing moves fast, especially in the digital arena, where the latest trend, app or meme can suddenly become the flavour of the day. But is it always best to jump on the latest bandwagon? When you’re coming up with strategies and tactics for marketing your business, it’s important to know the difference between responding to […]
What are your business goals for the year ahead?
The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement. Take the time to review the year and acknowledge all that has happened, good, bad, or indifferent. Examining the […]
Can an AI assistant streamline your business?
A business AI assistant is an artificial intelligence-powered software tool that’s designed to support and enhance different areas of your business administration and management. These AI assistants (sometimes known as virtual assistants or chatbots) use natural language processing (NLP), machine learning and automation to interact with you, your team, and your customers. They can give […]
Holiday cash flow for your small business
Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good health to carry you through? With […]
Do you know the rules and entitlements during the end-of-year holiday season?
As we head into the summer holiday period, is your business up to speed with your rights and obligations? It can be confusing to employers and employees alike – public holidays worked or taken as annual leave, business shutdowns, annual leave provisions… there are many rules’ employers need to understand. Employees are entitled to annual […]
Is there such a thing as over-automation? The need for a human touch
Automating your key systems is the way to turn your enterprise into a 21st century digital business. But are we getting carried away with automation? And could we be systemising areas which could benefit from a more personalised, human touch? Personalisation of the customer experience is vital. Automation can play a big part in creating […]
A business budget will help with your financial decision making
Budgeting is about estimating your revenues, projecting your expenses, and detailing the allocation of funds, so you stick to (and don’t overrun) your agreed budget ceiling. How does budgeting affect your business? Having a clear, agreed budget gives you a structured framework for your financial decision-making. It’s a practical way to control your costs, monitor […]
Plain English guide to profit and loss
Here’s our Plain English guide to profit and loss and what this report reveals about your finances. What is profit and loss? Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement of earnings. Your P&L is a breakdown of your company’s revenue (money […]
Why accurate leave management is so important
Taking a relaxed approach to leave management can put your business at risk of making costly errors. When it comes to managing and recording employee leave, it might be easy to take the “she’ll be right” approach. But there are some really good reasons why you should diligently manage, track, and pay leave. Proper leave […]
